Planning to invest in a Duplex apartment on Kengeri Road
Q: I am planning to invest in a Duplex apartment on Kengeri Road just adjacent to the NICE road. The project is due for completion by Mar 2014. As I want to rent this property I wanted to know if we can get a good rental in that area in next 2 years.. also how is the future prospect of that area for development? As we do not see lot of companies or industries coming up in and around the Mysore road or Kengeri, is it advisable to invest in a duplex apartment or Row house which can earn a decent rent, in case I am unable to occupy the same for my own use.
Hi Chubby, I heard that the area has noticed around 40% increase in real estate transactions in the past one year... and properties have observed good rate of appreciation continuously. And especially the demand is good for high-end houses it seems. Road connectivity is excellent. I have also booked a flat in Mysore road.
Hello Chubby, Mr. Nagesh is right.. also there is Bangalore University, and some factories in Mysore road and off Mysore road. There is fast development happening in that part of the city. So good to invest there.